TTX outlook calls for slow U.S. economy

Wednesday, January 02, 2013

The growth of the U.S. container industry will be modest this year as the U.S. economy, led by consumer demand, continues to sputter at a weak pace, according to a forecast by TTX Co., the largest provider of railcars and fleet management services in North America. U.S. Gross Domestic Product, the broadest measure of goods and services produced, is expected to be about 1.8 percent, Peter Wolff, director of market development, said at the Council of Supply Chain Management Professionals' annual conference in the fall. He confirmed in an e-mail last week that the company's outlook has not changed and that it is assuming a weak first quarter due to the uncompleted federal budget negotiations. On Sunday night, C...